Loading...
Market
State Farm loses 10% market share in CA by end of 2025?
2
Resolution / Starting Odds
Yes • 50%
No • 50%
Market share reports from industry analysts or official industry publications
Story
State Farm Seeks 30% Home Insurance Rate Hike, Largest in California
Jun 28, 2024, 04:11 PM
State Farm has requested a significant increase in home insurance rates in California, seeking a 30% hike for homeowners and even higher rates for condos and renters. This move has raised serious questions from the state insurance commissioner, who has questioned the company's financial stability. The proposed rate increase is the largest ever requested by State Farm, indicating potential financial challenges for the state's largest insurer.
View original story
Similar markets
State Farm increases market share • 25%
State Farm maintains market share • 25%
State Farm loses market share • 25%
State Farm exits market • 25%
State Farm remains solvent • 33%
State Farm declares insolvency • 33%
State Farm exits California market • 33%
Increase in market share • 25%
Decrease in market share • 25%
No significant change • 25%
Data unavailable • 25%
Less than 20% • 25%
20% to 30% • 25%
30% to 40% • 25%
More than 40% • 25%
Yes • 50%
No • 50%
Below 30% • 25%
30% to 50% • 25%
51% to 70% • 25%
Above 70% • 25%
Company wins • 25%
Company loses • 25%
Settlement reached • 25%
Case ongoing • 25%
Ford • 25%
General Motors • 25%
Rivian • 25%
Other • 25%